I was able to use that as a down payment and we were able to close without any problems.I hired some help and we were able to knock out a quick intensive remodel and were able to get the house rented in 6 weeks.  3 yrs later I still have the same great tenants and it rents for $900 a month. 

In my experience, they the worst of all worlds -- you get all the problems of apartments, but not enough economies of scale to make it worthwhile.Apartments are more management intensive than single-families.  

Hi all,Wanted to get opinions on if the screening process I did was too intensive and made me lose out on a potential tenant.Stats: SFH, 4/2, good condition home, in good neighborhood right next to university, about 1600 sqftPotential tenant was a grad student moving to the area due to new job with income (verified) but not enough for 3x rent; tenant's mother was also an applicant - offered a job but was not able to provide proof of income. 

AS invited guests I am a HML and they need those for their students.. although I never did any deals with them.But it was a well run intense event it starts at 8 in the morning and goes to 1 or 2 at night.

Nor does he pretend BRRRR isn't a capital-intensive strategy, or that there is no need for reserves.

It's not passive, far from simple, definently time intensive, and anything but "easy".

Which brings me to BP, I was working a job the other day that was rather labor intensive so I through my headphones in and started listening to music.

Its due to this intense paperwork process and delayed payment that makes finding a licensed and insured contractor to take on the bid very difficult.

@Matt K.My thinking is that it would be a ton of work to get 20 million out there working for you, and if you are talking hard money, the turn over 6-12 months would be labor intensive. 

@Brandon TurnerI waved at them as they drove by but it looked pretty intense in the car so I don’t think they saw me.